I may not get real answers here, I’m aware where I’m posting this but I have to ask. And I’m really not trying to 💩 on the community, I’m just trying to understand something I’ve wondered for years. Tldr at the bottom
Ok, so theres a lot of people on here who only trade short term options. I’m guessing that 80-90% of the sub is red all time, like with traders in general. My question is, why do people partake in strategies they know are regarded? I understand that it’s thrilling, knowing that a certain play could change your life… but at what point does it flat out become a gambling addiction? Everyone here jokes about it, everyone here KNOWS that we’re all regarded. So why don’t you change your strategy? By simply buying options with a farther out expiration date and not buying at tops (or bottoms if shorting) you will increase the chances of profitability by SO MUCH. Its just infuriating to me, seeing people throw away money that would at least change my life.
At the end of the day it’s your money. Do what you want with it. All I’m saying is, yes there are outliers, but it’s still objectively worse to go for the lambo when you can buy 180d or leaps, and with patience and self control get 10 lambo
TLDR why do most of you buy short term options? Do you think the regard ideology is harmful, and BUY LEAPS INSTEAD